Gold Investment Management Ltd. Sells 2,420 Shares of Canadian National Railway (NYSE:CNI)

Gold Investment Management Ltd. decreased its stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 4.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 47,414 shares of the transportation company’s stock after selling 2,420 shares during the quarter. Canadian National Railway comprises about 2.3% of Gold Investment Management Ltd.’s portfolio, making the stock its 6th biggest holding. Gold Investment Management Ltd.’s holdings in Canadian National Railway were worth $5,537,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in CNI. Private Advisor Group LLC increased its position in shares of Canadian National Railway by 19.4% during the 1st quarter. Private Advisor Group LLC now owns 10,263 shares of the transportation company’s stock worth $1,352,000 after purchasing an additional 1,671 shares during the last quarter. Daiwa Securities Group Inc. bought a new stake in Canadian National Railway in the 1st quarter valued at $64,000. Duality Advisers LP lifted its holdings in Canadian National Railway by 53.3% during the 1st quarter. Duality Advisers LP now owns 19,095 shares of the transportation company’s stock valued at $2,515,000 after purchasing an additional 6,637 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in Canadian National Railway by 36.8% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 16,922 shares of the transportation company’s stock valued at $2,229,000 after purchasing an additional 4,551 shares during the last quarter. Finally, Forsta AP Fonden boosted its position in Canadian National Railway by 7.8% during the first quarter. Forsta AP Fonden now owns 136,900 shares of the transportation company’s stock worth $18,045,000 after purchasing an additional 9,900 shares during the period. Institutional investors and hedge funds own 80.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CNI shares. Benchmark restated a “hold” rating on shares of Canadian National Railway in a research note on Thursday, October 24th. The Goldman Sachs Group decreased their price target on shares of Canadian National Railway from $131.00 to $124.00 and set a “sell” rating on the stock in a research note on Wednesday, October 9th. Citigroup upped their price target on shares of Canadian National Railway from $125.00 to $126.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. Veritas upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 23rd. Finally, Stifel Nicolaus upped their price target on shares of Canadian National Railway from $130.00 to $132.00 and gave the company a “hold” rating in a research note on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, fifteen have given a hold rating, three have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Canadian National Railway has an average rating of “Hold” and an average target price of $125.18.

Canadian National Railway Stock Performance

Shares of Canadian National Railway stock opened at $112.37 on Friday. The company has a 50 day moving average of $114.92 and a 200-day moving average of $118.40. Canadian National Railway has a 1-year low of $107.54 and a 1-year high of $134.02. The company has a current ratio of 0.64, a quick ratio of 0.49 and a debt-to-equity ratio of 0.96. The company has a market cap of $70.66 billion, a PE ratio of 18.16, a price-to-earnings-growth ratio of 2.53 and a beta of 0.89.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.02. The company had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.08 billion. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.26 EPS. As a group, equities research analysts forecast that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 9th will be paid a $0.6108 dividend. This represents a $2.44 annualized dividend and a yield of 2.17%. The ex-dividend date is Monday, December 9th. Canadian National Railway’s payout ratio is 39.26%.

Canadian National Railway Company Profile

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.